According to the graph shown, if the market goes from equilibrium to having its price set at $10:
A) deadweight loss will become bigger than total surplus.
B) consumer surplus will definitely fall.
C) total surplus may rise or fall.
D) $12 of surplus will be transferred from producers to consumers.

Question

According to the graph shown, if the market goes from equilibrium to having its price set at $10:
A) deadweight loss will become bigger than total surplus. 
B) consumer surplus will definitely fall. 
C) total surplus may rise or fall. 
D) $12 of surplus will be transferred from producers to consumers.

Quizplus · Accepted Answer

The Answer of  According to the graph shown, if the market goes from equilibrium to having its price set at $10:
A) deadweight loss will become bigger than total surplus. 
B) consumer surplus will definitely fall. 
C) total surplus may rise or fall. 
D) $12 of surplus will be transferred from producers to consumers.

According to the Graph Shown, If the Market Goes from Equilibrium